Provide collateral-free credit support to artisans and craftspeople for upgrading tools and enhancing productivity with interest subvention.
Artisans aged 18+, engaged in specified traditional trades, with no similar loan in past 5 years (unless repaid), completed basic skill training, and registered digitally under the scheme.
No collateral; bank has first charge on assets created with the loan; loan covered by CGTMSE guarantee.
5% p.a. for standard accounts (with interest subsidy)
No Charges. For Service Charges, please Click here